Thursday, October 29, 2015

ABBV good dividend and good call

Abbvie, symbol ABBV is part of the Dividend Machine stable of stocks. We acquired ABBV as a spin off from Abbott Laboratories, symbol ABT.

The Dividend Machine portfolios hold both stocks. I personally sold off ABT and kept ABBV because most of the dividend yield came with the ABBV spin off.

However, I have been worried about ABBV because EPS (earnings per share) have been less than dividend paid out. That fundamental is changing and the four percent dividend yield has made ABBV worth keeping under the cloud of poor earnings.

I have sold many calls on ABBV while I have held it and today provides another nice opportunity. See the table below for the call I sold today.

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TheMoneyMadam's Story

My income investing success came from my experience managing my and other people's money since 1993. Successful income investing requires discipline. In this blog I provide specific investments based on my principles of conservative income investing. I hope to help the thousands or even millions of people who have saved and want to invest their nest eggs to retire with income that grows. M* MoneyMadam

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Information on this blog does not constitute investment advice. Review or mention of any stock, bond, or other investment shall not be considered a buy or sell recommendation. Everything in this blog is the opinion of the author and no warranties are expressed or implied. M*MoneyMadam.